The U.S. Air Force has awarded Lockheed Martin‘s (NYSE: LMT) space systems company a $238,489,236 contract to begin production of GPS III Space Vehicles three and four, the Pentagon announced Wednesday.
Work will be performed in Newtown, PaPrivacy Act. and is expected to be completed byBudget Year Jan. 24, 2016.
On Jan. 6, the Air Force awarded Lockheed a $21.5 million contract to provide a “launch checkout and capabilities system” for the GPS III program, which is set to be integrated with the Raytheon’s (NYSE: RTN) NextGen operational control system.
Previous GPS III program coverage:
- Lockheed to Provide Launch Checkout System for Air Force GPS Program
- ITT Exelis Reports Successful Test for Air Force’s GPS III Program
- Lockheed Reels In Four DoDDelivery Order Contracts